AMNESTY SCHEME (EPFO)

* EMPLOYEES PROVIDENT FUND ORGANISATION ( EPFO) HAS LAUNCHED THE AMNESTY SCHEME ON 29TH JUNE 2026 

* THIS IS ONE TIME SCHEME RUNS FOR 6 MONTHS TO ALLOW ESTABLISHMENT THAT OPERATE INCOME TAX ( UNDER THE INCOME TAX 1961) 

FEATURE OF SCHEME - 

* ALIGNS THE INCOME TAX FRAMEWORK WITH EPF REGULATION, ENSURING THAT INCOME TAX RECOGNITION IS ONLY AVAILABLE TO PF FUNDS THAT HAVE SECURED FORMAL EXMPETION STATUS 

* BEFORE THIS EPFO OPEATES THE VISWAS SCHEME (2025) TO ADDRESS THE PROLONGED LITIGATION & PENAL DAMAGES ISSUE, REDUCING THE RATE OF PENAL DAMAGES FOR DELAYED REMITTANCE TO A FLAT 1% PER MONTH.